Santander will launch new fixed rate mortgages tomorrow, with two new products available only through intermediaries.
The products – a two-year fixed rate at 1.94 per cent up to 75 per cent LTV, and a two-year fixed rate of 2.79 per cent up to 85 per cent LTV – are available for homemovers, first time buyers and remortgage customers, with a £995 booking fee.
The bank is also slashing the rate on its five-year fixed mortgage (75 per cent LTV) to just 2.89 per cent, a reduction of 50 bps. With a booking fee of £995, customers can arrange this mortgage both directly and via intermediaries.
All of these mortgages come with Santander’s Homebuyer or Remortgage Solutions, offering a free valuation and £250 cashback for those buying a new home, and a free valuation and free legals or £250 cashback for those re-mortgaging.
In addition, Santander 1|2|3 Current Account customers who pay their monthly Santander mortgage payment by direct debit will receive 1 per cent cashback on maximum monthly mortgage payments of £1,000.
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